Livingston Approves 35-Year PILOT Agreement for Redevelopment Project

The Township of Livingston approved a long-term tax exemption financial agreement (PILOT) with 45 Partners Urban Renewal, LLC for a major redevelopment project, including 226 residential units and retail. The agreement spans up to 35 years, with staged escalating payments replacing conventional property taxes.

Scope & details

The full contract record, as filed.

Contract amount

See payment schedule; initial year ASC $1,220,202; amount adjusts annually per formula

Contract type

OTHER

Contract term

From Effective Date in 2025 through earlier of 35 years from Effective Date or 30 years from ASC Commencement Date (estimated 2055 latest)

Renewal date

2055-01-01

Renewal

Not subject to automatic renewal; expires at 35 years from effective date or 30 years from ASC Commencement Date, whichever comes first, unless terminated sooner under agreement terms.

Document type

Agreement

Source document

township-of-livingston-financial-agreement-for-tax-exemption_943.pdf

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Township of Livingston?

45 Partners Urban Renewal Llc was awarded this government contract by Township of Livingston, as recorded on January 1, 2025. The contract value is See payment schedule; initial year ASC $1,220,202; amount adjusts annually per formula.

How much is the 45 Partners Urban Renewal Llc contract with Township of Livingston worth?

The 45 Partners Urban Renewal Llc contract with Township of Livingston is valued at See payment schedule; initial year ASC $1,220,202; amount adjusts annually per formula.

What type of contract is this?

This is a government contract, documented as a agreement record.

Where was this contract approved?

This contract appears in township-of-livingston-financial-agreement-for-tax-exemption_943.pdf (Agreement), dated January 1, 2025 from Township of Livingston. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 45 Partners Urban Renewal Llc hold?

45 Partners Urban Renewal Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View 45 Partners Urban Renewal Llc's profile

What is Township of Livingston currently buying?

Explore Township of Livingston's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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